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World Casino News

Macau licensing move for Wynn Macau Limited

Asian casino operator Wynn Macau Limited has reportedly applied for a new ten-year license that would give it official permission to continue offering gambling entertainment at its pair of Macau properties until the end of 2033. According to a report from Inside Asian Gaming, the firm majority-owned by American casino operator Wynn Resorts…

Law ・ 14 September 2022

Asgam

Minimum table, slot revenue requirement of MOP$45.6 billion for 2023 reflects government’s lack of optimism: expert

The Macau government last week announced its limit on the total number of gaming tables and slot machines to be permitted citywide in 2023, as well as the minimum revenue levels they will be expected to provide. While these numbers are generally seen as reasonable given the current economic climate, industry experts also believe they reflect a…

Finance ・ 31 August 2022

World Casino News

Minimum mandated marks established in Macau

As part of new casino concessionaire licensing legislation and the government of Macau has reportedly set minimum gross slot and gaming table revenue requirements in hopes of being able to better guarantee its annual tax receipts. According to a Friday report from Inside Asian Gaming, the move detailed by the Chief Executive for the former…

Travel ・ 29 August 2022

World Casino News

Profitable period for Macau Slot Company Limited

In Macau and the enclave's long-time retail sportsbetting operator, Macau Slot Company Limited, has reportedly announced that its profit for the whole of 2021 grew by 31.8% year-on-year to top $15.7 million. According to a report from Inside Asian Gaming citing figures published in the Official Gazette, the enterprise also chalked up a swell of…

Sports ・ 18 July 2022

Wild Casino

$5,000 Welcome Bonus

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World Casino News

Coronavirus consternation for Macau casinos

The large collection of casinos in the Asian city of Macau reportedly saw their aggregated gross gaming revenues for June plummet by over 62% year-on-year to hit a 21-month low of just over $306.47 million. According to a Friday report from Inside Asian Gaming citing official information from the enclave's Gaming Inspection and Coordination Bureau…

Covid ・ 06 July 2022

World Casino News

Macau ‘satellite’ casinos facing an uncertain future

In Macau and Economy and Finance Secretary Lei Wai Nong (pictured) has reportedly announced that some local'satellite' casino enterprises have officially applied for permission to'adjust their operations' in anticipation of coming regulatory changes. According to a report from Inside Asian Gaming, the legislator declared that a'small number' of…

Travel ・ 08 June 2022

World Casino News

Annual aggregated gross gaming revenues rethink in Macau

In Macau and the government of Chief Executive Ho Iat Seng (pictured) has reportedly announced that it will be officially lowering the enclave's predicted aggregated gross gaming revenue tally for the entirety of 2022. According to a report from Inside Asian Gaming, the former Portuguese territory had earlier forecast that its aggregated gross…

Finance ・ 06 June 2022

World Casino News

Macau casinos experienced an April slump

The over 40 casinos in Macau reportedly saw their aggregated gross gaming revenues for April decline by over 68% year-on-year to hit a 19-month low of just over $331.19 million. According to a report from GGRAsia citing official information from the enclave's Gaming Inspection and Coordination Bureau regulator, the disappointing result equated to a…

Travel ・ 02 May 2022

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Asgam

Quarterly gambling losses in NSW, Victoria fell by US$1.27 billion during 2021 lockdowns

Household gambling expenditure in Australia's two most populous states fell by AU$1.7 billion (US$1.27 billion) in the September quarter of 2021 - the height of Australia's COVID-19 pandemic - according to the Reserve Bank of Australia (RBA). In a new report titled "Tracking consumption during the COVID-19 pandemic", the RBA found that household…

Covid ・ 13 April 2022

World Casino News

March improvement for South Korean casino operators

In South Korea and local casino operator Paradise Company Limited has reportedly announced that its aggregated gross gaming revenues for March decreased by 11.8% year-on-year to approximately $15.58 million. According to a report from Inside Asian Gaming, the result for the Seoul-listed firm nevertheless represents a boost of 11.8% when compared…

Travel ・ 07 April 2022

World Casino News

Macau casinos pay MOP$33.91 billion in taxes for 2021

The Financial Services Bureau in Macau has announced the tax payments from the gaming industry for 2021. Last year, a total of MOP$33.91 billion ($4.22 billion) was paid by operators. This is an increase of 13.8% when compared to the MOP$29.81 billion ($3.73 billion) paid in 2020. While the amount is an increase from the previous year, it is a…

Finance ・ 22 February 2022

World Casino News

New casino tax regime for Singapore

In Singapore and legislators have reportedly amended the Casino Control Act following over two years of discussion and debate to institute a new tiered tax system for the island nation's pair of giant integrated casino resorts. According to a report from Inside Asian Gaming, the new provisions contained within in the recently-passed Gambling Duties…

Finance ・ 11 January 2022

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Gambling News

Wynn Macau and Melco Resorts Severed Ties with Junkets

Two of the six casino licensees in Macau, Wynn Macau and Melco Resorts, confirmed to have completely cut their ties with junket operators, an article in GGRAsia revealed. The junket sector has been seriously hit after the arrest of Suncity chief executive officer Alvin Chao last month when analysts predicted the detention and the shutdown of…

Travel ・ 29 December 2021

Yogonet

Mohegan Sun wins "Best Casino Hotel" in USA Today awards

In the 10Best Readers' Choice Awards, the Connecticut tribal property also got the "Best Casino Outside of Las Vegas" and "Best Player's Club" awards after being chosen by a panel of experts including editors from USA Today and 10Best.com. Mohegan Gaming & Entertainment announced Thursday its Connecticut property, the Mohegan Sun, was voted "Best…

Travel ・ 13 November 2021

Yogonet

Hard Rock Atlantic City names Anthony Spagno as VP Table Games

ard Rock Hotel & Casino Atlantic City announced it has appointed Anthony Spagno as Vice President of Table Games. In his new role, he will oversee the resort's table games operations. Spagno began his career as a dealer for Caesars Atlantic City in 1980 and worked his way through the ranks with a wide range of management promotions. Most recently…

Land-based ・ 11 November 2021

World Casino News

Third-quarter VIP baccarat receipts tumble in Macau

The 41 casinos in Macau reportedly saw the share of aggregated third-quarter gross gaming revenues they amassed from VIP baccarat players decrease by some 16.4% year-on-year to just over $737.7 million. According to a report from Inside Asian Gaming citing official information from the Gaming Inspection and Coordination Bureau regulator, this drop…

Baccarat ・ 19 October 2021

World Casino News

Another delay for Emerald Bay Resort and Casino

In the Philippines and local casino operator PH Resorts Group Holdings Incorporated has reportedly announced that the first phase of its coming Emerald Bay Resort and Casino development will now not open before the first quarter of 2023. According to a report from Inside Asian Gaming, the Manila-listed firm is an enterprise of local trading and…

Travel ・ 18 October 2021

The Press Of Atlantic City

How much have Atlantic City's casinos recently spent on renovations?

Casinos around the resort have been making or announcing various improvements to their properties. Below is a list of what some casinos area planning or have done in 2021. Bally's Atlantic City has unveiled plans to open a high limits room and a new Asian Pacific restaurant. The room, which is projected to be complete in November, has been designed…

Travel ・ 12 October 2021

Gambling News

The Asian Casino Sector Gets Its Own Awards Program

The integrated resort (IR) casino sector is getting its own awards program. The IR Academy Awards are coming for the first time next month, hosted by the Academy of Integrated Resorts and Gaming Executives in Asia. The Academy was formed by Inside Asian Gaming (IAG) at the beginning of this year, and was created to "advance professionalism within…

Travel ・ 13 September 2021

Chicago Tribune

Potempa: Moon Fest feted with Moon Cakes at Hard Rock Casino Northern Indiana

Our Autumn Season for 2021 begins this year on Wednesday, Sept. 22. The sudden turn to dry weather in the Midwest for the start of this month has our neighboring farmers already harvesting cornfields. Around the globe, and also here in Northwest Indiana, the Mid-Autumn Moon Festival is also upon us this month. It is traditionally celebrated when…

Baccarat ・ 10 September 2021

World Casino News

June opening for Jeju Dream Tower casino

In South Korea and local casino operator Lotte Tour Development Company Limited has reportedly announced that it intends to officially premiere the gambling element within its new Jeju Dream Tower development from next month. According to a Tuesday report from Inside Asian Gaming, the $1.4 billion property'soft launched' its restaurants, retail…

Covid ・ 02 June 2021

Asgam

Paul Steelman on COVID-19, Japan, Resorts World Las Vegas and Naga3

Inside Asian Gaming sits down with Paul Steelman, founder of international casino and integrated resort architectural design specialist Steelman Partners, to discuss the impact of COVID-19, Japan's burgeoning casino industry, the soon-to-open Resorts World Las Vegas, Cambodia's Naga3 development and much more. The IAG Newsdesk team comprises some…

Covid ・ 07 May 2021

World Casino News

First-quarter launch expectation for Cambodian casino

Century Entertainment International Holdings Limited has reportedly announced that it intends to launch high-end gaming table operations at a new casino in southwest Cambodia before the end of March. According to a report from Inside Asian Gaming, the Hong Kong-listed firm revealed that the coming facility is set to debut in the Dara Sakor…

Covid ・ 06 February 2021

World Casino News

August annoyance for Macau casinos

The 39 casinos in Macau reportedly continued to be negatively impacted by the coronavirus pandemic last month as their aggregated gross gaming revenues decreased by 94.5% year-on-year to stand at just over $166.61 million. According to a report from Inside Asian Gaming citing official information from the enclave's Gaming Inspection and…

Covid ・ 07 May 2021